GM laying off 15% of workers and shutting down 5 plants due to trump tariffs
- Thread starter UncleBuck
- Start date
doublejj
Well-Known Member
What Tesla did is ‘truly astonishing’, says Porsche
As Porsche is trying to bring to market its first all-electric vehicle, they look admiringly at Tesla’s success, which they see as “astonishing” when it comes to volume and pricing.
Porsche’s North America Chief Executive Klaus Zellmer made the comment in an interview with the Los Angeles Times:
“If you look at what Tesla has done, if you look at their volume and look at their price level, it’s truly astonishing.
If you can do that with one brand and a sales network that is not comprised of dealers and a real sales organization, it’s even more astonishing.”
..................https://electrek.co/2018/12/01/tesla-astonishing-porsche/
As Porsche is trying to bring to market its first all-electric vehicle, they look admiringly at Tesla’s success, which they see as “astonishing” when it comes to volume and pricing.
Porsche’s North America Chief Executive Klaus Zellmer made the comment in an interview with the Los Angeles Times:
“If you look at what Tesla has done, if you look at their volume and look at their price level, it’s truly astonishing.
If you can do that with one brand and a sales network that is not comprised of dealers and a real sales organization, it’s even more astonishing.”
..................https://electrek.co/2018/12/01/tesla-astonishing-porsche/
i'd appreciate you keeping your opinion about me to yourself..stop 'thinking' about my agenda.
similar to trump tower - moscow..
rkymtnman
Well-Known Member
that was a direct quote from the Republicans, not me.
TacoMac
Well-Known Member
Yes. Everything you post is. You post like teslarati is a reputable site. There's a reason NOBODY is covering this shit: It's pure fiction.Alternate facts?......
Tesla has, all total, about 2.2 billion dollars of working capitol left. That's it.
Do you know where they're building about half their cars right now? Tents. That's right, tents. He can't even afford to finish the expansions on his factories here in the states to build cars he sold 8 months ago.
But to hear you tell it, he somehow shit about 8 billion dollars to build a new factory in China (rather than upgrade the factories here to actually build the cars he's already sold) and a solar power plant that China isn't the least bit interested in.
You're like all those people that bought into Enron because of all the glowing reports. And we all know how that turned out.
And you completely (and probably intentionally) misrepresented that.
Porsche aren't "astonished" because of any feat of ingenuity or development. They were "astonished" because there's no real value to the company that justifies its evaluation.
Again, like Enron, it's pretty much all hype and no real substance.
Ripped Farmer
Well-Known Member
The 20/4/10 rule says that most have been driving more than they could afford for some time now. So many on the road, not sure what the allure is. Neighbors dont care what you got cuz they have one too.
doublejj
Well-Known Member
Shares of Tesla (ticker: TSLA) ended the week with a Friday afternoon move upward, finishing the day up 2.7% to around $350 after Electrek said the company managed to make 1,000 of its Model 3 sedans in a single day.
The move left the shares up 7.6% for the week and 12.6% higher for 2018.
https://www.barrons.com/articles/model-3-production-report-gives-tesla-stock-an-afternoon-boost-1543613336
The move left the shares up 7.6% for the week and 12.6% higher for 2018.
https://www.barrons.com/articles/model-3-production-report-gives-tesla-stock-an-afternoon-boost-1543613336
TacoMac
Well-Known Member
Which is still down 9% from last year.
You're the only guy I know that brags about a company doing worse.
TacoMac
Well-Known Member
Well, for future projects, they essentially are.
The 2 billion they have left is all they're going to have for the foreseeable future. They really have no way to get any more investment.
What makes matters worse is that their financing costs are going to go up a good bit the first part of next year, so a good deal of that working capital is essentially already spent.
Next year is going to be a very tough year for Tesla. Unless they find some outside investment, which would require someone to sell out, they're at a dead end unless they do some radical restructuring like a stock split.
But that of course would send the stock plummeting and it would in all likelihood take years to recover.
Tesla has been on shaky ground since day one. Next year is going to be a make or break year.
doublejj
Well-Known Member
"They" have been saying that since 2003.....lol
doublejj
Well-Known Member
They have been saying that since 2004......lol
TacoMac
Well-Known Member
And they've been right, which is why Tesla had to refinance a lot of their projects.
It's a large part of why Tesla lost 750,000,000 dollars the first part of this year and why they stand to lose that much or even more the first part of next year.
But keep laughing. It's the last act of the truly foolish.
ummmmmmmmmmm, you can't do a paint job in tents- the dust..didn't he just do a stock buy back with the tax cut trump gave him? pretty soon you'll hear about laying off 'X' number of employees..hmmmmmmmmm where've i heard that before?
but in better news..gas is down to near Obama days of $2.24..THANKS, OBAMA!!!
Fogdog
Well-Known Member
Wasn't Tesla profitable last quarter after payment of debts and taxes? Isn't that exactly what Musk said was going to happen?
I don't invest in individual companies, so no skin in the game here. I don't know that Tesla or Musk's mass of various enterprises make a viable company. A 3rd quarter profit of 311 million dollars is nothing to sneeze at yet it's quite possible to play with finances to make a paper profit when nothing has really changed. I've seen companies make extravagant claims about their products in the "fake it till you make it" style of Silicon Valley business start-up culture. Some have been some terrific flame-outs when those companies manipulate the books and post-up vaporware to make their sales projections look great when in fact they are a sham and the company burns up when it all comes to light. Such as Theranos.
The short sellers could be right and Musk could be blowing smoke our way.
On the other hand, Tesla ARE outselling all competitors in their market and are well positioned to disrupt other car makers business models. GM has already thrown in the towel. When I've seen corporations play money games, they do so by shifting money around and don't show the kinds of real business growth that Tesla has. How they can fake car sales? Or fake that they have moved past production problems and are now facing delivery problems? Or fake the acclaim they are getting by very real customers driving their cars?
Yes, their short term debt load is worrisome. It would be a shame if a technically successful company went under due to playing the debt-financing game too closely. It wouldn't be the first time but it would be a tragedy, a shame and a loss for this society. On a personal level, I've participated in many product development projects. Every one looked like spanking success at the beginning, a disaster in the middle and at the end, pundits said the successful outcome was mundanely obvious. This is where my bias shows because I don't think Tesla is going to fail. Yes, they can fail but I think they have enough resources, including leadership, to pull through.
doublejj
Well-Known Member
Why Voss water is so expensive?Teslaquilia will keep them afloat....
It's only famous because the company that produces it pays a lot to advertise it. And it's only expensive because they decided to price it that way. Technically speaking it's just tap water that happens to come from a particular aquifer in Norway. The same water source the locals use for everything.
Ripped Farmer
Well-Known Member
Doesn't matter how much they advertise, what bottle its in or where it comes from. This company, like all companies bottling water, wouldn't exist without many consumers making poor decisions.